Nevada Real Estate >> Las Vegas Real Estate Specialist: February 2012

2012 Market Trends: Las Vegas Residential REO Inventory

2012 Las Vegas Real Estate Market Trends:  REO Inventory

Las Vegas 2012 Real Estate Market Trends:  REO/Bank Owned Inventory

Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years.   This I am sure of. My 2012 Las Vegas real estate market trends predictions will depend on several factors:

  • Steady interest rates
  • Steady underwriting guidelines (LOL!)
  • Current laws
  • Current market conditions
Las Vegas REO/Bank Owned Inventory has declined over several years.  I believe much of this has to do with extreme high buyer activity, larger amounts of short sale closings, perhaps (this one is purely speculative for me) trustee sale purchases for flip and for hold and then FINALLY the most recent major factor is AB 284.
My prediction for Las Vegas REO inventory in 2012 is that it will continue to dwindle unless AB 284 is repealed.  This doesn't mean that our foreclosure mess is ending, it means it is just stalled and the recovery will drag on for longer than it would have lasted prior to implementation of AB 284.
 
Many are estimating that the foreclosure timeline process in NV has been moved from 6-8 months to 2-3 years due to this new law.
 
As always, time will only tell what will really happen when this is all done and over with.
 
(PS:  Some months are blank because I did not report on those months in the past on a consistent basis.)

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

Blog Disclaimer Important Notice

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with DiversityResort & Second Home Property SpecialistShort Sale Foreclosure Resource

 

 

 

Sell Las Vegas Home          Las Vegas Homes for Sale     Las Vegas Rental House

              

 

 

 

Comment balloon 9 commentsRenée Burrows • February 28 2012 04:13PM
2012 Market Trends: Las Vegas Residential REO Inventory
share
Las Vegas 2012 Real Estate Market Trends: REO/Bank Owned Inventory Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. … more
Las Vegas NV Area Sold Terms & Trends January 2012 (includes…
share
Cash REMAINS KING in the Las Vegas Area Real Estate Market!!! It is important for every buyer in the Las Vegas Area Real Estate Market to understand who their buyer competition is in this currently competitive seller's market LV is… more
Sun City Summerlin (Las Vegas NV) Real Estate Market Report &…
share
Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles. For More Sun Cities, Click Here! Sun City Summerlin is located in the Summerlin Area… more
2012 Market Trends: Las Vegas Residential Resale Home Prices
share
Las Vegas 2012 Real Estate Market Trends: Prices Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of. &… more
Las Vegas NV Area Pendings Report for January 2012 (includes…
share
Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284 Active listings are down again for the 14th month in a row! 2012 will be another interesting year for Las Vegas Real Estate Las… more
North Las Vegas Home For Sale: $89900. Traditional Sale = No Bank…
share
North Las Vegas Home For Sale - Traditional Sale w/ NO BANKS! - $89, 000 Bedrooms: 3 Bathrooms: 3 Year Built: 2006 Subdivision: Harmony 2 Lot Size: 3920 Garage Size: 2 School District: CCSD Square Footage: 1461 Agent Name: Renee Burrows Broker: The… more
Southern Highlands (Las Vegas NV) Real Estate Market Report &…
share
Southern Highlands January 2012 Real Estate Resale Market Report (Homes For Sale/Under Contract/Sold): Listings (2/15/2012): 170 Under Contract (2/15/2012): 193 Sold January 2012: 47 Since… more
Nevada Trails (Las Vegas NV) Real Estate Market Report & Homes…
share
Nevada Trails January 2012 Real Estate Resale Market Report (Homes For Sale, Pending, Sold): Listings (2/15/2012): 27 Under Contract (2/15/2012): 37 Sold January 2012: 15 Since Last Month:… more
2012 Market Trends: Las Vegas Residential Resale Home Inventory
share
Las Vegas 2012 Market Trends: Inventory Las Vegas real estate in 2012 will no doubt be a wild and wacky and an unpredictable market resulting in broken crystal balls as it has been for the last 5 years. This I am sure of. My 2012… more
Las Vegas NV Area Short Sale Real Estate Market Report & Homes…
share
The absorption rate for Las Vegas Valley Area Short Sales appears to be swinging from a neutral market back to a seller's market as the new year approaches. Since last month: Active Listing Inventory has DECREASED by -779 units… more
Welcome Home to NW Las Vegas Communities: Elkhorn Cimarron Estates
share
Click Here To View Elkhorn Cimarron Estates Newest Listings & Homes for Sale. Welcome Home To Northwest Las Vegas Community: Elkhorn Cimarron Estates 60 Single Family Detached Homes Ranging from 1295-2048… more
Las Vegas NV Area Market Watch February 2012 (includes Henderson &…
share
**The Freefall Inventory Plunge Continues in Las Vegas!!! ** We are still squeezed for inventory. New REO listings are few and far between thanks to AB 284 with currently no end to that drama in sight. Multiple offers on well priced… more
Arlington Ranch (Las Vegas, NV) Real Estate Market Report & Homes…
share
Arlington Ranch January 2012 Real Estate Resale Market Report Listings (2/15/2012): 7 Under Contract (2/15/2012): 44 Sold January 2012: 6 Arlington Ranch changes since last month:… more
Silverado Ranch (Las Vegas NV) Real Estate Market Report & Homes…
share
Silverado Ranch January 2012 Real Estate Resale Market Report (Homes For Sale, Pending, Sold) : Listings (2/15/2012): 89 Under Contract (2/15/2012): 203 Sold January 2012: 40 Since last month:… more
Charleston Heights (Las Vegas NV) Real Estate Market Report &…
share
Charleston Heights January 2012 Real Estate Resale Market Report: Listings (2/15/2012): 101 Under Contract (2/15/2012): 138 Sold January 2012: 33 Since Last Month: Listings are DOWN -9 units,… more
Sun City Anthem (Henderson NV) Real Estate Market Report & Homes…
share
Age Restricted (55+) Communities are scattered throughout the valley. Many offer a variety community amenities for Seniors who enjoy active lifestyles. Sun City Anthem is located in the Anthem Area of Henderson NV (zip 89052… more
Las Vegas NV Area REO Real Estate Market Report & Homes for Sale…
share
Las Vegas Area REO Inventory has FALLEN since last report (-332 units), Under Contracts have RISEN by (+72) units Closing data has FALLEN by (-318) units. Low interest rates have spurred a flurry of buyer interest &… more
Las Vegas NV Area Sales by Type: Short Sales, REO, Standard Sales for…
share
Las Vegas Area February 15, 2012 Active Listings by Type REO: 1703 (19%) Short Sale: 4156 (45%) All Other: 3321 (36%) January 2012 Sales by Type: REO: 1656.. more
Got The “I am Tired of Las Vegas Low Inventory & I Don’t Want to…
share
Las Vegas is currently struggling with EXTREMELY low amounts of residential resale home inventory currently! The Force Realty has some GREAT non- short sale active listings that are looking for a nice new homeowner to love! All of these… more
Las Vegas NV Area High & Mid Rise Condominium Resale & Rental…
share
Las Vegas High Rise Rentals : 260 Listed 1/15/2012 29 Under Contract 1/15/2012 51 Leased December 2011 5. 1 Months Inventory Low Leased Price: $800/Month ( Wimbledon ) Median Leased Price: $1600/Month.. more